Latest Industry News

IAJ President – Peter Levy- Motor Uninsured
Managing Director BCIC- Speaks on the amount of uninsured motor vehicle on the road in Jamaica and the dangers it creates for the insured driver.

IAJ President – Peter Levy- General Uninsured
Managing Director BCIC- Speaks on the amount of the uninsured population in Jamaica.

Past Statistics:

Life Insurance (2016-2017)
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General Insurance (2014-2015)
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Claims Payout (2012-2013)
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General Insurance (2014-2015)
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Statistics on The Insurance Sector.

The insurance industry in Jamaica is one of the largest in the Caribbean. In 2017, Jamaica’s insurance sector had over 795 Sales Representatives in Life Insurance servicing among 6 life insurance companies. In 2017, Jamaica’s insurance sector had over 500 Sales Representatives in General Insurance servicing among 10 general insurance companies. Learn More >

Industry Statistics

MOTOR INSURANCE

PROPERTY INSURANCE

HEALTH INSURANCE

RETIREMENT INSURANCE

2701, 2023

JBDC takes next step in strengthening CCIs

The Jamaica Business Development Corporation (JBDC), through an upcoming $10-million (US$72,000) project, is seeking to move the needle forward for cultural and creative industries (CCIs) with hopes to have a more coordinated and strengthened position for players in

2701, 2023

Job cuts in tech sector spread, Microsoft lays off 10,000

Microsoft is cutting 10,000 workers, almost five per cent of its workforce, joining other tech companies that have scaled back their pandemic-era expansions.

The comphttps://jamaica-gleaner.com/article/business/20230119/job-cuts-tech-sector-spread-microsoft-lays-10000#.Y88KDxpquuc.mailtoany said in a regulatory filing Wednesday that the layoffs were a response to “macroeconomic conditions and

2701, 2023

Fed’s Mester: Rate hikes have begun to quell US inflation

Growing evidence that high inflation is finally easing shows that the United States Federal Reserve’s sharp interest rate hikes are working as intended, says Loretta Mester, a key Fed policymaker.

But further rate hikes are still needed, she says, to decisively

2701, 2023

Jamaica to seek FBI help with alleged SSL fraud

Finance Minister Dr Nigel Clarke today disclosed that Jamaica has sought assistance from the United States’ Federal Bureau of Investigation (FBI) and other international partners to assist with the probe of the alleged multimillion-dollar fraud at investment first Stocks and Securities